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Early Tender Results on Notes Purchase Offer
Early Tender Results on Notes Purchase Offer.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 1851Q Zhaikmunai LP 02 November 2012 \n\nZhaikmunai International B.V. Announces Early Tender Results of its Offer to Purchase any and all of Zhaikmunai LLP's outstanding 10.50% Senior Notes due 2015\nKazakhstan - November 2, 2012 - On October 19, 2012, Zhaikmunai International B.V. (the \"Offeror\"), which is a subsidiary of Zhaikmunai L.P. (LSE:ZKM) the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, announced the commencement of a tender offer (the \"Tender Offer\") to purchase for cash any and all of Zhaikmunai LLP's (the \"Issuer\") outstanding 10.50% Senior Notes due 2015 (the \"Notes\"). The Tender Offer is being made on the terms and subject to the conditions contained in the Offer to Purchase dated October 19, 2012. Capitalized terms used but not otherwise defined in this announcement shall have the meaning given to them in the Offer to Purchase. \nThe Offeror is pleased to announce that, as of the Early Tender Date of 5:00 p.m., New York City time, on November 1, 2012, an aggregate principal amount of Notes of approximately U.S.$348 million has been validly tendered pursuant to the Tender Offer. As the Withdrawal Deadline expired at 5:00 p.m., New York City time, on November 1, 2012, all Notes validly tendered prior to the Early Tender Date may no longer be withdrawn. \nThe Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on November 19, 2012, unless extended or earlier terminated (such time and date, as the same may be extended, the \"Expiration Date\"). Subject to all conditions to the Tender Offer, including but not limited to, the New Financing Condition, having been satisfied or waived by the Offeror, Holders who have validly tendered their Notes at or prior to the Early Tender Date and whose Notes are accepted for purchase will be eligible to receive the \"Total Consideration\" of U.S.$1,097.50 per U.S.$1,000 principal amount of Notes.\nHolders still wishing to participate in the Tender Offer must validly tender their Notes by the Expiration Date. Holders who validly tender their Notes after the Early Tender Date but prior to the Expiration Date and whose Notes are accepted for purchase will not receive the Early Tender Premium, such Holders will be eligible to receive the Tender Offer Consideration of U.S.$1,080 pe...